| Topic Name: |
Business Plans Advice Needed |
| Message Name: |
Curious |
| Date Posted: |
06/06/2001 |
| In Reply To: |
Hi, I think that my past experience may be relevant. To be honest, I am not an expert in the food/beverage/restaurant industries and can't address specific concerns but here goes.
When some of our portfolios companies have been in the same position w/ a question of an accurate valuation, the solution has sometimes been to have an independent, top-tier investment bank value it. This may be especially pertinent, given the 2 metrics that you have suggested. In your situation, there may additional advantages in using that same bank later on for raising further capital such as a private placement or ipo or to advise on an m&a deal. As to structuring the deal, you will have to discuss that with your investors (and take appropriate anti-dilution measures etc. among other things, just like last time.) Be wary; in this environment it is a buyer's market, your valuation will be lower and VCs know you're desperate for capital. Why not go back to your seed investors to see if they will follow on? Any capital may be not bad. Good luck!
IC |
| Message: |
I'm curious about your background. I'm trying to get into the business end of biotechnology (currently a bench scientist who worked on Wall Street) and think VC may be a way in. I realize it's a very exclusive club, and so was curious on your take of the current industry is (as well as a few years from now) and what it's been like for you. If you like, you can email me at dumars20@lakmail.com
Thanks!
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